Gevo (NASDAQ:GEVO) Trading Up 6.4% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) was up 6.4% on Friday . The company traded as high as $1.89 and last traded at $1.89. Approximately 1,420,175 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 9,628,060 shares. The stock had previously closed at $1.78.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GEVO shares. UBS Group increased their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th.

Gevo Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The stock has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $1.48. The stock has a market capitalization of $470.44 million, a price-to-earnings ratio of -5.75 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The firm had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. During the same period last year, the business posted ($0.07) EPS. Analysts forecast that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in Gevo during the 2nd quarter valued at about $2,888,000. Point72 Asset Management L.P. boosted its stake in shares of Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after buying an additional 812,870 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gevo in the 2nd quarter worth approximately $295,000. Cubist Systematic Strategies LLC purchased a new position in shares of Gevo in the 2nd quarter worth approximately $112,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Gevo in the 2nd quarter worth approximately $64,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.